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CNNW 9
CNBC 7
CSPAN 5
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KRON (MyNetworkTV) 2
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MSNBCW 1
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English 32
Search Results 0 to 31 of about 32
CNBC
Dec 28, 2012 4:00am EST
today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell s
CNBC
Dec 26, 2012 3:00pm EST
the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements. the only place in our space where we see a very significant fiscal cliff hit is aspirational customer, so the step-up customer into low-end tiffany's jewelry, for example, we just don't think they showed up this year. >> even if people, stacy, are going to be hit by higher taxes next year, at least some people are going to be hit by higher taxes next year, a lot of this is psychological, isn't it. you turn on the tv and you're feeling spooked, right? and once we have a deal or resolution, uncertainty taken away, will people unleash their spending? will this be unlocked? >> i think at the high end, yes, there will be some relief, and, you know, to laura's point, we were in tiffany over the weekend, you would be shocked how much sales help was available on the silver floor. typically you can't get near a sales person there. >> right. >> but a lot of it is psychological, but then again, christmas has come and gone and the full-margin products have come and gone. you fix the fiscal cliff and go into cle
CNBC
Dec 26, 2012 5:00am EST
it really is up to the government to do better and to resolve this fiscal cliff. in terms of who the next fed chairman's going to be, we don't have a sense on that. we think bernanke has done a masterful job, and we really do like him in this position. >> david katz, thank you very much for your time. >> thanks a lot. >>> that wraps up this special boxing day edition of "worldwide exchange." i'm seema mody. >> i'm jackie deangelis. it was great to be here with you this morning. don't forget to tune in to cnbc.com every tuesday and thursday at 1:00 p.m. eastern for my show, "futures now." "squawk box" is up next. >> have a great morning. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage.
CNN
Dec 31, 2012 1:00pm PST
cliff. we'll see what happens over the next few hours. tom foreman, thank you. much more on the fiscal cliff coming up. >>> there are serious ramifications for almost every american involved in this negotiati negotiation. we'll update when when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> okay, we've got the breaking news we're following here in washington. we've been thinking about it. we've been talking about it for a long time. guess what, the united states is now going over the so-called fiscal cliff. that's because the house of representatives is adjourning as
NBC
Dec 26, 2012 7:00am EST
. >>> president obama is cutting short his christmas break with next week's fiscal cliff looming large. he plans to return to washington tonight after spending the holiday in hawaii. kristen welker is traveling with the president. good morning to you. >> reporter: savannah, good morning to you. the first lady and first daughters will remain here and continue their hawaiian holiday. the president and first lady spent part of their christmas visiting with troops stationed here in hawaii, thanking them for their service before they sat down and enjoyed a tradit n traditional christmas dinner. the night before president obama called service members stationed overse overseas. when president obama returns to d.c., he and lawmakers will have just days to avert the so-called fiscal cliff. here is where everything stands. last week house speaker john boehner failed to get his own bill through the house. so now things are in the s senate's court. leaders there will have to come up with a compromise to avert the tax hikes and spending cuts set to go into effect during the first of the year. president obam
KRON
Dec 25, 2012 4:00am PST
then the service will be restored. >> we talk about the fiscal cliff - but there could also be a 'dairy cliff'. beginning next year, you could pay as much as seven dollars for a gallon of milk. a stalled farm bill means certain protections for farmers are expiring. a dairy subsidy ends january first. if congress doesn't act before then, the u-s would revert to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost for everyone. we will be right back on the kron 4 morning news. first, let us take a look at the san francisco's skyline good is a post card morning. cold your forecast, coming up. factory weekend o after a snows over the weekend of sierra have been clear. and several ski resorts around lake tahoe are reporting record amounts of fresh powder. kron 4's charles clifford has an update on conditions this is along highway 50 in the salt lake tahoe with fresh power itself lake tahoe. >> all i just heard that charles clifford mentioned that we are going to see some of snowfall. and he also mentioned that this is one of the most snowies
NBC
Dec 30, 2012 8:00am EST
of the names of those that we lost this year. ♪ ♪ >> coming up next on 11 news, the fiscal cliff firestorm rages hill as house lawmakers meet today. >> a burglar breaks into a woman's house. she fears his return. >> strong winds and lake-effect snow showers out there. we'll tell you what's
CNN
Dec 31, 2012 2:00am PST
that affect your bottom line, from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! when i'm out with
CNBC
Dec 31, 2012 9:00am EST
for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now the dow up about 25. >>> welcome back to "squawk on the street." i'm john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanied by more revenue from the estate tax than is happ
CNN
Dec 28, 2012 5:00pm PST
this idealogical divide in america. >> what happens next? how likely it is we will go over the fiscal cliff. i'm curious what the mood is like in washington, d.c. right now? >> there's an infinitesimal improvement in washington because of the meeting today, but i still would say the odds, the people placing bets in this town still expect that the nation will go over the fiscal cliff. still a little more hope than when we woke up this morning, but no one is counting on being off on new year's eve. >> jessica, thanks. more now on the raw politics with "new york times" columnist raffle, and cornell belcher. the president said he wanted to see a straight up or down vote. as we mentioned, that will happen on monday in the senate. he could lose that up or down vote. >> what you're likely to see is something come out of the senate. you have to pay attention, especially on the senate side, to tone. what minority leader mcconnell was saying today, the tone was right. i think you'll see something coming out of the senate on an up or down vote which they'll have to have happen, but i think the problem co
MSNBC
Dec 27, 2012 11:00am PST
advantage to waiting to go off the fiscal cliff and coming back in january. the house speaker john boehner may have more flexibility as we're just saying. so that's one plus and democrats also will have a strengthened position in the congress come january. >> if republicans wait until the start of the new congress they can say, you know what? we voted to lower taxes. >> exactly. >> they just went up. >> i want to end with you here because we spend a lot of time talking about the fiscal cliff and the fact of the matter is the sequestration is fazed in. >> right. >> when you start talking about some of these taxes, whether it's the ending of unemployment insurance -- >> yeah. >> whether it's the payroll tax holiday going away, you start talking about an immediate impact for millions of families in this country. >> part of david's spoipoint is there's two to three-month wriggle room and shifting resources to unemployment insurance to keeping marginal tax rates unchanged, you know, for the next few months. at some point, look, they won't be able to do that. i would say it's unlikely wow won't
CNBC
Dec 24, 2012 6:00am EST
a slowdown next year if the fiscal cliff isn't resolved. or a lot of the concerns that we have about europe or whatever. is that fair? >> i think that's fair. i think the slowdown is baked in the cake. we've already seen deceleration from the third quarter, which 3% is a distant memory for gdp growth, as we look at the fourth quarter and first quarter. so i think we're dealing with a slowdown, even if they have some resolution to the fiscal cliff. i think the difference between next year, 2013, and this year, is if you think about what we were dealing with coming into the year in the beginning of 2012, people are concerned about the breakup of the euro, imminent u.s. recession, they were saying, china hard landing. so when some of these things didn't happen, all we needed last year, this year, was less bad in the market. i think in 2013, we're going to need to see better economic growth as the year moves forward. because, as you say, the market is reasonably valued. but it's not cheap. and i think to jason's earlier point, there are some stocks out there that are very, very attractive. but
CNN
Dec 31, 2012 8:00am PST
'll hear from republican congressman howard mckin about the fiscal cliff talks from the other side of the aisle. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! >>> secretary of state hillary clinton will be ringing in the new year from a hospital. doctors closely monitoring clinton for the next couple days. they discovered a blood clot during a followup exam related to a concussion she suffered earlier this month. the state department issued this statement saying "she's being treated with blood thinners and is at new york hospital to monitor the medication. her doctors will continue to assess her condition including other issues associated with her concussion." here'
FOX News
Dec 24, 2012 8:00am PST
or does one side want us to go off the fiscal cliff? washington insiders weigh in next. we'll be right back. with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch
FOX Business
Dec 31, 2012 11:00am EST
a fiscal cliff deal until late january, but the possible market turmoil to follow could create a stock buying opportunity. joining me now, global financial services president and portfolio manager. of course you'll see the glass half full on this one. yet been saying this since november, to be fair. >> taking the position that we don't think the politicians are really going to get anything done until the backs of firmly against the wall which will be after the first pay cycle of the new year. that's why we are expecting third week of january, but this is also an opportunity. we have to recognize that. if you look at the market today, just imagine. if you pull 20 investment professionals yesterday we probably would have said markets are going to be down today. better than expected economic news. cheryl: is trying to, but they're is a lot -- one of the best performing sectors of 2012 was financials. it would have predicted that at the beginning of 2012? is in that kind of hard for people to focus on what sectors for people to look at when you have this crowd of cliff uncertainty? >> ther
CNN
Dec 28, 2012 10:00pm PST
? how likely is it that we'll go over the fiscal cliff? i'm curious about the mood in washington right now. >> there is an increase in optimism because of the mood out of that meeting today. but i still would say the people who are -- placing bets in this town still expect that the nation will go over the fiscal cliff. so still a little bit more hope than what we woke up this morning, but no one is counting on being off on new year's eve. >> randy. >> jessica, thank you, more now on the raw politics, good to see you both. cornell, let me start with you here, the president said he wanted to see a straight up or down vote. as we mentioned that could happen in the senate. we could lose the up or down vote. >> you are going to see something come out of the senate. you have to pay attention to the tone, i think you will see something come out of the senate on up and down, but i think the problem comes on the house side, whether or not in fact speaker john boehner is going to allow what the senate sends their way to go on an up or down vote, without having a majority of the majority. >> and
KRON
Dec 24, 2012 5:00pm PST
. with the focus on the fiscal cliff - other legislative matters are falling by the wayside.including a stalled farm bill. certain protections for farmers are expiring. one of them is the dairy subsidy, which ends january first. if congress doesn't act before then, the u-s would revert back to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost.. ------------------------ now showing les miserables- >> quentin tarantino takes movie goers to the deep south of a plantation owner ...with leonardo eicaprio samuel l. jackson and 'les miserables' the revolutionary tale is starring hugh jackman, russell crowe and anne hathaway... and aparental guidance' is a rated pg...with billy crystal and bette midler. kron 4. the biggest parties and spectacular fireworks. will all be on kron 4's new year's live show. gary radnich and i will be hosting. kron 4's - new year's live. starts at 11-30 on new years eve. . ♪ because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. here's stanley robe
CSPAN
Dec 23, 2012 8:00pm EST
. >> tonight, british prime minister david cameron, followed by a round-table discussion of the fiscal cliff negotiations. then another look at this week cost 90-minute "q&a" with author paul reid. next, prime minister david cameron talks about the 3800 british troops that will be withdrawn from afghanistan by the end of 2013. he added that a small number of troops would remain to return equipment and maintain a and officer training academy. members asked about the uk's immigration policy and concerns over proposed national health services spending cuts. >> questions to the prime minister. >> number one, mr. speaker. >> thank you. i am sure the whole house will wish to join me in sending our best wishes for christmas to our brave armed forces in afghanistan. it to their families who will be missing them, and to the servicemen and women around the world -- you are always in our thoughts. we owe you a deep debt of gratitude and sinew our heartfelt thanks at christmastime. i have meetings, and in addition to my duties i shall have further such meetings later today. >> thank you, mr. speaker. th
CNN
Dec 29, 2012 11:00am PST
'll reveal the most can dal lous of all the year's scandals and will this weekend see a fiscal cliff finale? three days are left before the deadline and negotiations are intensifying. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >> my new year's message to washington is this. please put an end to the outrageous billion dollar tax shelters for google and other big corporations. please fix that before you push senior citizens over the cliff. >> my new year's message to washington is to grow up, act like adults, do your jobs or resign immediately. we are tired of your being useless and refusing to do your jobs. >> a game of beat the clock. right now on capitol hill, and you guessed it, it's fiscal cliff countdown time. senate leaders on both sides now trying to rea
CSPAN
Dec 24, 2012 8:00pm EST
in order to avoid going over the fiscal cliff? >> oh, yeah, i would be. you know, i think it is remarkable that right after the election we get this thing that comes right up in our faces that basically outlines in bold relief the differences in the two ideas about how we go forward in this country. it is really excellent timing, and we may have to go over the cliff, if it is forced into it. but this idea that you bring down the cost of medicare by making it unavailable to more people is a terrible idea of mr. boehner's. the idea -- i would be terribly upset, along with many of my friends, if obama compromised too much on what needs to happen that is called the fiscal cliff. >> do you think a prominent third-party would help our country? >> i felt strongly about that when i supported john anderson in 1979. he was -- a large part of anderson's campaign was to sue the state ballot procedure into allowing third parties to have more access to the electoral process. i would like to see a third party available, but that, too, seems like a really tall order. >> what do you think is the appropriat
NBC
Dec 31, 2012 7:00am EST
-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's this chasm we keep hearing about. is there a chance for a deal? >> i think -- i want to say yes, there's a chance for a deal! they're not that far apart. it really depends on the political motivations of the people at the negotiating table. you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is getting the tax issue off the table and then having a big knockdown, drag-down fight with the president in six weeks over the debt ceiling. under that scenario, that would tell me, okay, he's likely to want to make a deal. when you look at the actions that republicans threw out that idea of throwing in the social security change and suddenly de
CNN
Dec 24, 2012 4:00am PST
$250,000. >> you're right. we're talking about three things when we talk about the fiscal cliff. one is the bush tax cuts of 2001 and 2003 that the democrats claim they want to protect for most americans. they all voted against them. they didn't want them in the first place, but now they recognize how terribly important they are, they claim. for two full years, all of 2009 and all of 2010, obama was president. you had a super majority of democrats in the house and the senate. they could have passed making permanent those tax cuts for l all, some americans, people making less than $250,000 a year, they could have done that. they didn't. why do you believe the democrats really want to do something they no longer have the votes to do when they could have done it when they had the votes. that's one part of the fiscal cliff. the other part is the sequester, which saves money. the president wants to end that. and the third part is $1 trillion in obama's taxes. that's the obama care taxes they hid from you because they're all scheduled to come in after he got safely elected. >> let's go b
CNBC
Dec 27, 2012 1:00pm EST
. first up, the fiscal cliff just four days away. it doesn't look like anybody is rising above. at least not as far as i can tell. would it be better, i'm not sure better than what, if we just went over the cliff. michelle? >> you know what, i'm beginning to think so, tyler, based on what we said at the top of the show and the following. during this whole process i asked democrats, hey, listen. if the republicans raise taxes on everybody that you want them to, would you at least means test medicare for millionaires. the vast majority says no. i asked republicans, hey, if the democrats had an epiphany and they said we think democrat ryan is right, would you raise taxes on millionaires? they say, no. so there's no middle ground even if you get nirvana on both sides. it's ridiculous. i'm tired of it. >> clkayla? >> tyler, is the right thing to encourage washington yet again that rules and deadlines are made to be broken? at this point that's what they believe. this would be yet another example of that. i don't think that's good for the long term. >> the stupid way from my perspective to do
CSPAN
Dec 25, 2012 1:00pm EST
, we have leon panetta, i'm sure if you have some advice on how to solve the fiscal cliff, i'm sure he'd like to hear that. >> while you are writing your next song, i'd like to present you with your coffee mug. it might give you some inspiration. >> thank you so much. [applause] >> i want to thank the national press club staff including the journalism broadcast center for organizing today's event. and i was wondering if you had one last song you'd like to sing us out on. [applause] >> do you want to sing? >> come on up. >> can she borrow your stool? >> this is my wife kim and here is the song we sing to our twin boys. actually about two years ago, we went in to sing them to sleep with this lullaby and we got the guitar out and sat down on the side of the bed and we were about to play the opening chords and rough fuss looked up at me and said you know dad, we don't have to do this anymore. [laughter] ♪ sonny, sure you're thinking now but the morning is slowly r ising so sober must be spinning round and i still love you would you close your eyes you can close your eyes it's all right o
CNBC
Dec 24, 2012 9:00am EST
up hope on the next week? >> no, i think there could be a deal that will avoid the fiscal cliff. but it will be a short-term deal, not a big deal. it will kick the can down the road on the important issues. like let's assume the president got the entire increase on the top 2%. that's only $400 billion. where is the next $800 billion going to come from? nobody's decided. those are tough issues. is it going to be meaningful entitlement reform? meaningful reform of the health care cost curve? are we going to do something about military spending? robert gates says we can take $80 billion a year out of the military budget. we're not going to do that. but are we going to do something meaningful? those are the issues. all we seem to have done, even if we pull it out in the last week, we kick the can down the road on the very important long-term issues. >> so if this is really a blown opportunity, to borrow your phrase, how does the campaign to fix the debt's mission change? or does it stay constant as we kick this and move it into the new year? >> we're constant. we're back there bangi
CNN
Dec 26, 2012 6:00am PST
with us all week, tackling the fiscal cliff effect on your pocketbook. tomorrow ryan's take on what could be a ballooning tax bill for us. >>> chris brown and rihanna keeping people guessing about the next step in their lives. >>> war has started. and we are hopelessly outgunned. >> oh, i love that movie. we are going back to the movies big time. "usa today" reports box office ticket sales are heading toward an all-time high, breaking 2009's record. hollywood's take has been boosted by some blockbusters including "the avengers." according to boxofficemojo.com "the avengers" took in more than $623 million over a five-month period. woo! tom cruise is big at the box office but he made it into the year's top entertainment stories for something he did off screen and you probably know what that is. here's nischell turner with our rundown. >> reporter: catchy dance tunes, celebrity tunes and the tragic death of a singing icon, a few of the topics that had people talking. here's the look at the top ten stories from 2012. ♪ call me maybe >> reporter: the viral sensation "call me maybe" it earned
ABC
Dec 28, 2012 7:00am PST
a fainting spell brought on by a stomach bug. >>> and the fiscal cliff in washington isn't the only major threat to the u.s. economy. this morning, time is running out to avoid a strike by 14,000 dockworkers from boston to houston for demanding better pay. 14 ports which handle half of the nation's shipping traffic are threatened. workers could walk off the job this sunday, costing the economy an estimated $1 billion per day. >>> and for the second time this month, someone has been pushed to their death on a new york subway. a woman seen running away on the left side of this surveillance video, right here, shoved a man on to the tracks last night. he was then crushed by an oncoming train. witnesses say the woman was talking to herself, pacing on the platform before pushing the man from behind. and did not appear to even know the victim. >>> and finally, you don't have to be a football fan to be inspired by this story. for the first time since being diagnosed with leukemia in september, indianapolis colts head coach chuck pagano will return to the field this weekend, a symbol of strength a
NBC
Dec 24, 2012 7:00am EST
will be cut before new year's to avert the fiscal cliff by extending tax cuts temporarily or tax cuts from people under $250,000 of income. i spoke this morning to a republican member of congress who said, we still can come back next week, and we can still do it, although, you know, mara was talking in her piece about shoppers who think they get a better deal the longer they wait. it's a worse deal for the republican party having waited this long, having gotten beaten on the plan b that speaker boehner was trying to do. the terms are getting worse for republicans, not better. >> a lot of people watching this will say if congress couldn't reach a grand bargain with a self-imposed deadline, this so-called fiscal cliff, when will they ever get together and do something big? is there hope beyond the 31st and 1st of this year that eventually there will be a big deal? >> well, i've always been perhaps excessively optimistic about this, but i think, yes. look, members of congress understand that we have a long-term fiscal problem. they have different visions for how to achieve it. the republican
FOX News
Dec 28, 2012 6:00am PST
to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann. you're talking about two million tons of cargo a day. you're talking about billions of dollars of commer
CNN
Dec 28, 2012 9:00am PST
. you know what's coming next? that also means a delay in tax refunds. the treasury department normally sends out about $72 million in tax refunds in january and february. that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the workload. and there would be unexpected higher taxes for most americans because remember, that's another part of the equation. so many different groups could be hit in many different ways at many times. but the bottom line is if these negotiations continue to stall and don't come through and the cliff comes, people will, indeed, feel it all over this country. >>> u.s. army general whose temper earned him the name stormin' norman has died. general norman schwarzkopf was one of the most celebrated military leaders in the post-vietnam era. he led coalition forces pushing iraq out of kuwait in 1991's "operation desert storm." the retired general died yesterday in tampa, florida, at age 78. >>> former president george h.w. bush released this statement. he says, "general schwarzkopf epitomized the duty, service, country creed that has
CSPAN
Dec 31, 2012 2:00am EST
, and i think it affects us righ now in t fiscal cliff negotiations because we are not going to do anything unless it is bipartisan. we will not be able to pass anything in the house that doesn't have significant republican votes in the senate, and the democrats in the senate are not going to be able to support something that won't require some votes of democrats in the house. so we are together, maybe it's like a dysfunctional family, but we do have to work together because withoutipartisanship, nothing is going anywhere. therefore, i think you have to go back to negotiations01. which is that someone in a negotiation has to win some and lose some. the other party in a negotiation has to win some and lose some. the president is not going to get everything he wants. the republicans in the house and senate are not going to get everything we want. nor are the democrats in the house and senate. so we have areas where we can come together, and i've seen it. all of u we talking in the last couple of hours about how we have talked to our counterparts on the other side of the aisle here ab
CSPAN
Dec 28, 2012 9:00am EST
is about taxes, but the talks should be about what we want to talk about today, the medicare fiscal cliff, the looming bankruptcy. there are millions of americans who are counting the days until they are eligible for medicare. it would be a tragedy if when they get to that day they become eligible, there's not enough money to pay the bills. according to the trustees, that day is coming soon, and 11 2024. into a doz 24 the president needs to do a good job in letting people know about the medicare fiscal cliff. senator corker has done some very good work over the last several months in a variety of areas in fiscal matters. a proposal of his that has attracted my support which he will describe is a proposal to help make the medicare program solvent by reducing the growth of out of control spending by nearly $1 trillion in exchange for the expected request from the president for a $1 trillion increase in the debt limit. taking these two provisions together over the next few weeks will provide certainty for the economy, will be the linchpin for a budget agreement that will get the economy goin
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